Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$94,115$94,115$267,300
Remaining term (yrs)14.714.730.0
Secondary amount$0$173,185$0
Funding fee$0$0$0
Note rate4.640%4.640%7.400%
Blended rate5.490%7.116%7.640%
1st payment$732.38$732.38$1,850.73
2nd payment$0.00$1,154.57$0.00
Taxes / mo$154.92$154.92$154.92
Insurance / mo$150.00$150.00$150.00
MI / mo$100.73$100.73$53.46
HOA / mo$175.00$175.00$175.00
Total monthly$1,313.03$2,467.59$2,384.11
Cash to close$202,885$29,700$29,700